Flexible Financing Options for Your Rental Properties

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Investment property ownership offers buyers plenty of benefits, including additional income through rental opportunities and potential tax benefits. We can help you choose the best mortgage to maximize your savings.

Get started and explore your rate options now. Call us at 1-888-842-6328. Or sign in to your account to apply now.

Terms & Conditions

Terms & Conditions

Information Applicable to All Mortgage Loans

Rates, discount points and terms are based on an evaluation of each member's credit history, loan-to-value (LTV), occupancy, payment type, loan amount and loan purpose, so your rate and terms may differ. All loans are subject to credit approval. Questions? Please contact Navy Federal at 1-888-842-NFCU (6328).

Navy Federal also offers home loans for investment properties. When reviewing quotes from other lenders, make certain you obtain the discount points and any origination fees for comparison with Navy Federal's rates. APRs reflect down payment/equity unless otherwise noted.

Conforming Loans

Loan amounts up to $484,350. In Alaska and Hawaii, the conforming loan limit is $726,525. Loan limits vary by county.

Jumbo Loans

Loan amounts greater than $484,350. The jumbo rates quoted above are for loan amounts above $484,350 up to $2,000,000. The loan limit for Jumbo HomeBuyers Choice loans is $1,000,000.

Two-Unit Properties

Minimum down payment between 20% and 25% for a two-family property. Conforming loan limit for two-family properties is $580,150. In Alaska and Hawaii, the conforming loan limit for two-family properties is $870,225.

Any refinance mortgage where the proceeds will be used to pay any debt other than debt used in the purchase of the home is considered a Cash-Out Refinance. Additional discount points will apply to cash-out loans, which are based on credit history and LTV. Cash-Out Refinance is not allowed on Interest-Only Conforming, HomeBuyers Choice, Future Principal Residence, and Investment Products.

Rate Lock Policy

Purchase Loans

The Standard Price Lock Commitment for Purchase Loans is 60 days at no additional cost.

The Extended Price Lock Commitment options below are available for Purchase Loans only and must be agreed upon at the time of rate lock-in.

90 days - additional 1/8 discount point or 1/8% in rate

120 days - additional 1/4 discount point or 1/8% in rate

180 days - additional 1 discount point or 1/4% in rate

The Float-to-Lock Option for Purchase Loans - If you select the Float-to-Lock Commitment, it means that you want to allow the interest rate and discount points to float with the market. You must lock in your interest rate and discount points at least fourteen (14) calendar days prior to settlement/closing.

The Freedom Lock Option for Purchase Loans - A special lock option is being offered at no cost with a maximum rate reduction up to 0.25%. This special lock option is only available for sixty (60)-day pricing commitments. You will have the opportunity to re-lock one time if rates improve up to fourteen (14) calendar days prior to settlement/closing. This special lock option applies to all loan types.

Refinance Loans

The Standard Price Lock Commitment for refinance loans is sixty (60) days from the lock date. On VA and FHA loans, the Standard Lock commitment is sixty (60) days from the lock date. The Freedom Lock option is available on refinance loans for a non-refundable 0.250% fee added to the origination. The fee must be collected upfront. The Freedom Lock option is not available on VA and FHA refinance loans.

Mortgage Loans

A sample principal and interest payment on a thirty (30)-year $250,000 fixed rate loan with a 4.375% interest rate is $1,248.21. Taxes and insurance are not included; therefore, the actual payment obligation will be greater.

HELPFUL RESOURCES

*Rates are based on an evaluation of credit history, so your rate may differ. Rates subject to change at any time. For non-owner occupied homes only, in which the property generates income from rent. Investment property mortgages require a 1.00% loan origination fee. The origination fee may be waived for a 0.25% increase in the interest rate.

Navy Federal Information

Mission Statement

Since 1933, Navy Federal Credit Union has grown from 7 members to over 8 million members. And, since that time, our vision statement has remained focused on serving our unique field of membership:

“Be the most preferred and trusted financial institution serving the military and their families.”

Navy Federal conducts all member business in English. All origination, servicing, collections and marketing materials are provided in English only. As a service to members, we will attempt to assist members who have limited English proficiency, where possible. Military images used for representational purposes only; do not imply government endorsement. - Android™, Google Pay™ and Google Play™ are trademarks of Google LLC. The Android Robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. Apple™, Apple Pay™, iPhone™, iSight™, Wallet™, Touch ID™ and iTunes™ are trademarks of Apple, Inc., registered in the U.S. and other countries. App StoreSM is a service mark of Apple, Inc. - Amazon, Kindle, Fire and all related logos are trademarks of Amazon.com, Inc. or its affiliates.

APY = Annual Percentage Yield, APR = Annual Percentage Rate
+Rates are based on an evaluation of credit history, so your rate may differ.
++Rates are variable and based on an evaluation of credit history, so your rate may differ.
*Message and data rates may apply. Terms and Conditions are available.
♦Terms and conditions are applied to gift cards.